{"id":5967,"date":"2023-07-18T23:44:17","date_gmt":"2023-07-18T23:44:17","guid":{"rendered":"https:\/\/zackmwekassa.org\/cbdc-a-new-form-of-currency-being-adopted-worldwide\/"},"modified":"2023-07-18T23:44:17","modified_gmt":"2023-07-18T23:44:17","slug":"cbdc-a-new-form-of-currency-being-adopted-worldwide","status":"publish","type":"post","link":"https:\/\/zackmwekassa.org\/en\/cbdc-a-new-form-of-currency-being-adopted-worldwide\/","title":{"rendered":"CBDC: A new form of currency being adopted worldwide"},"content":{"rendered":"<div class=\"flex-1 overflow-hidden\">\n<div class=\"react-scroll-to-bottom--css-abkdk-79elbk h-full dark:bg-gray-800\">\n<div class=\"react-scroll-to-bottom--css-abkdk-1n7m0yu\">\n<div class=\"flex flex-col text-sm dark:bg-gray-800\">\n<div class=\"group w-full text-gray-800 dark:text-gray-100 border-b border-black\/10 dark:border-gray-900\/50 bg-gray-50 dark:bg-[#444654]\">\n<div class=\"flex p-4 gap-4 text-base md:gap-6 md:max-w-2xl lg:max-w-[38rem] xl:max-w-3xl md:py-6 lg:px-0 m-auto\">\n<div class=\"relative flex w-[calc(100%-50px)] flex-col gap-1 md:gap-3 lg:w-[calc(100%-115px)]\">\n<div class=\"flex flex-grow flex-col gap-3\">\n<div class=\"min-h-[20px] flex items-start overflow-x-auto whitespace-pre-wrap break-words flex-col gap-4\">\n<div class=\"markdown prose w-full break-words dark:prose-invert light\">\n<p>Life has changed a lot and continues to change, especially with the advent of technology. These days, many of us are enthusiasts of new technologies, ready to embrace anything new without necessarily assessing the clear and obscure objectives behind them. While technological advances such as television, cell phones and other connected devices are fascinating, it&#8217;s important to understand the intentions behind their creation.<\/p>\n<p>In this context, the CBDC, the world&#8217;s first digital bank, is revolutionizing our monetary system by gradually moving us towards the adoption of a digital currency. In the United States, for example, a law was recently passed quietly, without any media fuss, to activate this new CBDC system.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-transparent ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/zackmwekassa.org\/en\/cbdc-a-new-form-of-currency-being-adopted-worldwide\/#What_exactly_is_the_CBDC\" >What exactly is the CBDC?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/zackmwekassa.org\/en\/cbdc-a-new-form-of-currency-being-adopted-worldwide\/#Is_the_CBDC_a_good_idea_or_not\" >Is the CBDC a good idea or not?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/zackmwekassa.org\/en\/cbdc-a-new-form-of-currency-being-adopted-worldwide\/#The_institutions_supporting_this_program_and_their_intentions\" >The institutions supporting this program and their intentions<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/zackmwekassa.org\/en\/cbdc-a-new-form-of-currency-being-adopted-worldwide\/#The_need_to_take_a_step_back_from_the_situation_to_better_reflect_on_the_issues_at_stake\" >The need to take a step back from the situation to better reflect on the issues at stake<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"What_exactly_is_the_CBDC\"><\/span>What exactly is the CBDC?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<figure id=\"attachment_1096\" aria-describedby=\"caption-attachment-1096\" style=\"width: 1024px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-1096 size-full\" src=\"https:\/\/zackmwekassa.org\/wp-content\/uploads\/2023\/07\/CBDC-1024x605-1.jpeg\" alt=\"\" width=\"1024\" height=\"605\" srcset=\"https:\/\/zackmwekassa.org\/wp-content\/uploads\/2023\/07\/CBDC-1024x605-1.jpeg 1024w, https:\/\/zackmwekassa.org\/wp-content\/uploads\/2023\/07\/CBDC-1024x605-1-300x177.jpeg 300w, https:\/\/zackmwekassa.org\/wp-content\/uploads\/2023\/07\/CBDC-1024x605-1-768x454.jpeg 768w, https:\/\/zackmwekassa.org\/wp-content\/uploads\/2023\/07\/CBDC-1024x605-1-420x247.jpeg 420w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption id=\"caption-attachment-1096\" class=\"wp-caption-text\"><em>CBDC or Central Bank Digital Currently: an alternative to financial systems<\/em><\/figcaption><\/figure>\n<p>CBDC, or Central Bank Digital Currency, is a digital currency created to counter Bitcoin and other decentralized currencies. Unlike Bitcoin, which is decentralized and not dependent on any central authority, CBC is centralized and controlled by major banks and governments. This new technology is arousing divergent opinions among American politicians. Some see it as a good idea and a wonderful step forward, while others see it as a bad idea.<\/p>\n<p>Compared to Bitcoin, which is a decentralized digital currency enabling unregistered transactions without intermediaries, the CBDC is a centralized digital currency controlled by big banks and governments.<\/p>\n<blockquote><p><strong>Read more: <a href=\"https:\/\/zackmwekassa.org\/oppositions-face-a-la-mise-en-place-dune-monnaie-numerique-au-canada\/\">Opposition to the introduction of a digital currency in Canada<\/a><\/strong><\/p><\/blockquote>\n<p>In 2020, a report indicated that only 35 countries were ready to adopt the CBDC. Today, over 114 countries have accepted the CBDC, representing nearly 95% of the world&#8217;s GDP. Of these countries, 60 are already at an advanced stage of CBC development, and 11 have already launched their own CBDC. These include Nigeria, Bahamas, Eel, Dominican Republic, Grenada, France, St. Lucia, St. Vincent and the Grenadines, Jamaica, and many others.<\/p>\n<p>China, meanwhile, plans to implement its CBDC system by the end of 2023, and 18 of the 20 G20 countries are already at an advanced stage of CBDC development. Each G20 country has invested considerable time and resources in this project. This rapid move towards CBC raises many questions and concerns.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Is_the_CBDC_a_good_idea_or_not\"><\/span>Is the CBDC a good idea or not?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Some of the arguments in favor of CBDC point to its efficiency for real-time payments, its complementarity to current forms of money and financial systems, its potential for improving international transfers and reducing transaction costs. The CBDC is also said to benefit low-income families. However, there are also concerns about its impact. Some fear great instability, operational difficulties, risks of cybercrime and partial or total loss of privacy.<\/p>\n<p>Indeed, with CBDC, all transactions would be recorded and accessible to anyone, calling into question the anonymity of transactions. This raises concerns about privacy and individual freedom. In addition, the CBDC would give the government extensive control over individuals&#8217; financial transactions and behavior. This raises questions about freedom of choice and the possibility of government restrictions, such as consumption quotas or travel restrictions. Was it convenient for you to know that someone might be privy to all your expenses? This new CBDC system is simply a program to control populations, control their purchases, and control their lifestyle.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"The_institutions_supporting_this_program_and_their_intentions\"><\/span>The institutions supporting this program and their intentions<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Four major banks support the CBDC: Wells Fargo, Citibank, Chase Financial Freedom. Their aim is to counter the evolution of Bitcoin and other currencies, and turn everyone to the CBDC. Indeed, the CBDC&#8217;s centralization and government control falsely suggest that it is better than Bitcoin, for example, which is decentralized and more expensive for the average person. However, this is not the case. It is therefore necessary to understand the stakes and the obscurity of this situation.<\/p>\n<blockquote><p><strong>Read more: <a href=\"https:\/\/zackmwekassa.org\/le-green-deal-europeen-un-bouleversement-radical-pour-une-europe-sans-emissions-de-gaz-ni-carbone\/\">The European Green Deal: A radical shake-up for a gas- and carbon-free Europe<\/a><\/strong><\/p><\/blockquote>\n<h2><span class=\"ez-toc-section\" id=\"The_need_to_take_a_step_back_from_the_situation_to_better_reflect_on_the_issues_at_stake\"><\/span>The need to take a step back from the situation to better reflect on the issues at stake<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<figure id=\"attachment_1095\" aria-describedby=\"caption-attachment-1095\" style=\"width: 300px\" class=\"wp-caption alignleft\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-1095\" src=\"https:\/\/zackmwekassa.org\/wp-content\/uploads\/2023\/07\/0703390896002-web-tete-300x169.jpg\" alt=\"\" width=\"300\" height=\"169\" srcset=\"https:\/\/zackmwekassa.org\/wp-content\/uploads\/2023\/07\/0703390896002-web-tete-300x169.jpg 300w, https:\/\/zackmwekassa.org\/wp-content\/uploads\/2023\/07\/0703390896002-web-tete-1024x576.jpg 1024w, https:\/\/zackmwekassa.org\/wp-content\/uploads\/2023\/07\/0703390896002-web-tete-768x432.jpg 768w, https:\/\/zackmwekassa.org\/wp-content\/uploads\/2023\/07\/0703390896002-web-tete.jpg 1280w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><figcaption id=\"caption-attachment-1095\" class=\"wp-caption-text\"><em>Bitcoin: Is it really wise to abandon this decentralized, unregistered currency?<\/em><\/figcaption><\/figure>\n<p>On the other hand, it&#8217;s crucial to think through the implications of CBDC and compare it to other alternatives, such as Bitcoin, which is for free thinkers, and for people who want to advance and progress of their own free will and offers greater freedom and anonymity in transactions. While some see the CBDC as progress and a means of strengthening government control, others see it as a threat to individual freedom and privacy. It is indirectly linked to the recently introduced program to combat global warming, as it will now be possible to refuse the purchase of food, for example, that contributes to gas emissions.<\/p>\n<p>The whole world is facing a general de-dollarization, pushing the richest into poverty. So, to avoid this phenomenon, the alternative is to use CBDC. So the question is: do you prefer CBDC, which promises faster and cheaper transactions but is tightly controlled by banks and governments, or do you prefer a decentralized technology such as blockchain, which offers more freedom and individual autonomy? The decision is in your hands. Is CBDC a major technological advance or a threat to our freedom and privacy? Science without conscience is but the ruin of the soul!<\/p>\n<p><iframe loading=\"lazy\" title=\"SA SE PASSE  EN CACHETTE |  E.p 731\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/nZIio-F6CjM?start=32&#038;feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"flex justify-between lg:block\">\n<div class=\"text-gray-400 flex self-end lg:self-center justify-center mt-2 gap-2 md:gap-3 lg:gap-1 lg:absolute lg:top-0 lg:translate-x-full lg:right-0 lg:mt-0 lg:pl-2 visible\">\n<p>&nbsp;<\/p>\n<div class=\"flex gap-1\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"h-32 md:h-48 flex-shrink-0\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"absolute bottom-0 left-0 w-full border-t md:border-t-0 dark:border-white\/20 md:border-transparent md:dark:border-transparent md:bg-vert-light-gradient bg-white dark:bg-gray-800 md:!bg-transparent dark:md:bg-vert-dark-gradient pt-2 md:pl-2 md:w-[calc(100%-.5rem)]\">\n<form class=\"stretch mx-2 flex flex-row gap-3 last:mb-2 md:mx-4 md:last:mb-6 lg:mx-auto lg:max-w-2xl xl:max-w-3xl\">\n<div class=\"relative flex h-full flex-1 items-stretch md:flex-col\" role=\"presentation\">\n<div class=\"\">\n<div class=\"h-full flex ml-1 md:w-full md:m-auto md:mb-2 gap-0 md:gap-2 justify-center\"><\/div>\n<\/div>\n<\/div>\n<\/form>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>CBC (Central Bank Digital Currency) is a new digital currency technology that many countries are gradually adopting.<\/p>\n","protected":false},"author":2,"featured_media":4787,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[32,1470],"tags":[1648,1647,1650,1640],"class_list":["post-5967","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-by-zack","category-life","tag-bitcoin-en","tag-cbdc-en","tag-innovation-en","tag-new-currency"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.7 (Yoast SEO v27.5) - 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